business loans in spain

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08 Jul 2008 12:00 AM by victheviking Star rating in Rossendale, Lancashi.... 57 posts Send private message

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Hi All, I was wondering if anyone can give me any info on who to apply to for a loan to set up a business in spain?
I am looking into opening a small B&B in Valencia and wanted to know if it is possible to get a Spanish bank to provide a loan to partially pay for the property?
If Spanish banks do this, what % of the property value would they possibly lend?
Many Thanks in advance
Vicki



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Vicki



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23 Sep 2008 9:59 AM by cage Star rating. 1 posts Send private message

Puerto Vallarta was once a quiet fishing village, but ever since it served as the backdrop for John Huston’s 1964 film “The Night of the Iguana,” starring Ava Gardner and Richard Burton, the sleepy seaside town has grown to become the blockbuster resort that it is today. This longstanding popularity only seems to be increasing among both tourists and retirees, and as a result, Puerto Vallarta's real estate market is thriving.

Many companies in Mexico have chosen this seaside town for its beautiful scenery, its small size and the relative ease of conducting day-to-day life with limited Spanish required. Interest among international buyers is so great that almost all real estate agencies quote prices in dollars.

 

 




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01 Feb 2009 4:01 PM by Gillespie Star rating in Costa Calida Area. 608 posts Send private message

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In a nutshell, business loans don't exist in Spain, well, not for Brits.

What is wrong with a mortgage as opposed to a business loan, you can spread it over 25 years as opposed to 10 years for a business loan?

 

PM me if you need any mortgage advice.

 



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